Tint World Triple Net Leased Investment
|Catylist Listing ID:
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN)
|Average Occupancy Rate:
Overview / Comments
Excellent triple net leased investment opportunity located in Pensacola, FL. The +/- 4,800 SF freestanding building is situated on approximately .52 acres off North W Street. The tenant, Tint World Automotive Styling Centers, has a 10-year lease commencing on February 1, 2023. Tint World’s lease has a fixed base rent for the first two years, with a 2% increase every year for the remainder of the lease. The large warehouse features a 1,200 SF showroom in front, an office, and two bathrooms. The building has a side drive-up loading dock, an alarm system, and a new roof coating as of November 2022. The site is located in a well-known industrial corridor in Pensacola. The structural and exterior elements of the premises, bearing walls, foundations, concrete slabs, and
roof shall be maintained by the landlord. The property is being offered at an attractive 7% cap rate and is an ideal opportunity for a passive investor looking for a corporate guaranteed asset in the state of Florida.
|Tenant Business Name
||Tint World Automotive Styling Centers
||fixed base rent for the first two years, 2% increase every year for the
the remainder of the lease
|Largest Nearby Street:
||N W Street
||Pensacola is located on Florida’s Gulf Coast near the Florida/Alabama state line. The
Pensacola market has experienced explosive growth in recent years due to the high
population growth and strong median income. The strong economy and tourism have
fueled the housing and retail demand in Pensacola over recent years. The government has
a substantial presence in the metro, with more than 23,000 military and civilian personnel
employed at NAS Pensacola, located approximately 25 minutes from the site. Also,
Whiting Field Naval Base is approximately 35 minutes from the site. The property is in
close proximity to the core retail trade area, airport, hospital, Pensacola State College,
University of West Florida, and the beautiful tourist beach destinations such as Perdido
Key, Pensacola Beach, Gulf Breeze, and Navarre Beach
|Total Number of Buildings:
|Number of Stories:
|Typical SF / Floor:
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.